Business - NsNewsWire

Myanmar to send back 125 more boat people to Bangladesh

YANGON – Myanmar will repatriate at least 125 more Bangladeshi refugees who were rescued at sea by the navy in May, official said on Sunday. A total of 501 migrants were handed over to Bangladesh in four rounds in July and August, with the remaining boat people in shelters at Taung Pyo in Myanmar’s western […]

China’s telecom giants see revenue up 27.4 pct in July

BEIJING, Aug. 23 (NsNewsWire) — China’s top three telecom operators saw a healthy spike in revenue in July thanks to services like 4G, official data showed, reports Xinhua. The three companies — China Mobile, China Unicom and China Telecom — reported combined telecom business revenue of 192.8 billion yuan (30.2 billion dollars) last month, up […]

BRICS NDB looks set to emerge as an alternative to established Western financial institutions

By Safiul Azam, ACMA* On 21st July this year the group of world’s top emerging economies launched its New Development Bank (NDB). The bank backed by Brazil, Russia, India, China and South Africa (BRICS) looks set to emerge as an alternative to the World Bank and the International Monetary Fund, although the group says it […]

Alibaba affiliate launches wealth management app

HANGZHOU, Aug. 19 (NsNewsWire) — Alibaba’s affiliate Ant Financial launched a wealth management smartphone app Tuesday. The standalone app, Ant Fortune, lets users buy online monetary fund Yu’ebao and products from Zhaocaibao, an online platform connecting investors with small businesses and individual borrowers, reports Xinhua. In addition, investors can buy stock fund products and track […]

Grameenphone, Grand Sultan Tea Resort & Golf sign discount agreement

DHAKA, Aug. 19 (NsNewsWire) — Grameenphone Ltd. and Grand Sultan Tea Resort & Golf signed a discount agreement on August 17, 2015, which will allow the Platinum Plus and Platinum Star customers of GP to avail special discount at the resort. They will get 55% discount for room rent, 50% at movie theatre, 50% for […]

New beer mug for 182th Munich Oktoberfest presented to public

MUNICH, Aug. 19 (NsNewsWire) — The newly-designed beer mug for the 182th Munich Oktoberfest, the world’s largest beer festival, was presented to the public by the official organizer here on Tuesday. The colorful motif, made up of the jumbled letters of “Oktoberfest”, is printed on the front of the mug. On top of those letters […]

Bangladesh leather exports slump amid environment concerns

DHAKA, Aug. 18 (NsNewsWire) — Bangladesh’s tannery industry looks set to suffer a big blow as demand for finished leather and leather products in major international markets has been plunging amid grave concerns over the environmental hazard created by the country’s leather industry. Sector insiders say July exports further reflected the sluggish trend that in […]

CPA Ireland Signs Deal to Offer Accounting Certificate in Bangladesh

By Michael Cohn The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh, reports accounting today. CPA Ireland has been signing a series of such deals this year to provide its […]

Bangladesh’s 2014-15 fiscal trade deficit balloons to 10 bln USD on import pick-up

DHAKA, Aug. 12 (Xinhua) — Bangladesh’s trade deficit ballooned in the last fiscal year 2014-15 concluded in June on the back of an increase in imports, said a central bank official Wednesday. Trade deficit in the last fiscal year 2014-15 (July 2014-June 2015) surged 45.97 percent to about 10 billion U.S. dollars compared to a […]